ESP Refers to

question 207

Multiple Choice

ESP refers to

• A) perception that occurs apart from sensory input.
• B) the ability to move objects without touching them.
• C) a readiness to perceive an object in a distorted fashion.
• D) all of these characteristics.

---

Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.

Production Possibilities

The various combinations of goods and services that can be produced using all available resources and technology.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.

Constant Rate

A fixed value of change in a quantity with respect to another quantity, often used in mathematics and economics to describe steady growth or decline.